If aggregate demand and aggregate supply both shift right, we can be sure that the price level is higher in the short run.

Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Pr

erik [133]

Answer:

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

Explanation:

Sales Budget shows a forecast of the future sales revenues expected by the Company.It is the first budget to be prepared from which all other companies budget are created.

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

Hint : Since there are no targets for beginning or closing inventories, then Sales are equal to production.

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

4 0

3 years ago

If a demand for a product is inelastic, the value of the price elasticity of demand is: Group of answer choices zero. equal to o

Vaselesa [24]

Answer:

less than one

Explanation:

In the case when the demand of the product is inelastic that means the value of the price elastic of demand would be less than one

Therefore as per the given situation the last option is correct

And, the rest of the options are incorrect

So the same is relevant

4 0

3 years ago

Me. Gareth owns a toy-manufacturing company. Which of these items in his company is an intermediate good?

kakasveta [241]

Well it is a toy manfacturing company and the intermediate good would be a toy plane

5 0

3 years ago

Read 2 more answers

Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 pe

kotykmax [81]

Answer:

1. 0.5

2. $360,000

3. $25,500

Explanation:

The BEP which is the break even point is the point where the company's sales or revenue generated is equal to the cost incurred. As such, the BEP is the number of units that must be sold for the company to make neither a profit nor a loss.

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

CM Ratio

= 1500000/3000000

= 0.5

Break even point in $ = Fixed cost/ CM ratio

= $180,000/0.5

= $360,000

If the sales increase, the variable cost will also increase as both are dependent on the level of activity.

If sales increases by $51,000, number of units sold

= $51,000/$120

= 425

Increase in variable expense

= 425 * $60

= $25,500

Increase in net operating income

= $51,000 - $25,500

= $25,500

8 0

3 years ago

Jones, a farmer, found an odd-looking stone in his fields. he went to smith, the town jeweler, and asked him what he thought it

Tresset [83]

Even though there was a miscommunication in the sale, Jones did not know that the stone was a diamond before selling it and Smith can easily say he did not know it was either. If Jones had taken the stone and received other opinions on it, he may have gotten more money but because he sold the stone, there is nothing he can take action on Smith for.

5 0

3 years ago